On March 29, a meeting of representatives of the district state administration, a number of German industrial firms, Mirmex LLC, and members of the National Academy of Sciences of Ukraine took place in the city of Horokhiv, the department for internal policy of the regional state administration reported. During the meeting, the issue of attracting investments for restoring the operation of the Horokhiv foundry and mechanical plant was discussed. According to the business project developed by the Institute of Physics and Technology of Metals and Alloys of the National Academy of Sciences of Ukraine, after reconstruction the plant will specialize in the manufacture of hard-alloy castings for the production of stone-crushing machines. as reported by the deputy head of the Horokhiv district state administration, Oleksii Haiduk, the total amount of investment in the new production will be about 2 million US dollars, however, what share will fall to foreign investors has not yet been determined. The Novovolynsk firm UMirmexF, which extracts granite in the Rivne region, is interested in the manufacture of domestic hard-alloy castings for the production of stone-crushing machines, since, according to Oleksii Haiduk, it is of higher quality and several times cheaper than foreign analogues. However, the situation with the Horokhiv foundry and mechanical plant itself is interesting. Thus, as Oleksii Haiduk reported, the facility itself belongs to the category of unfinished construction objects and has already been privatized. But the plant itself is still in state ownership. Therefore, the further fate of the plant will be determined by the State Property Fund. And as for foreign investments, Oleksii Haiduk stated that he is Unot even 50 percent sure that the investment will come from abroadF, however he expressed confidence that in any case an investor will be found.
German investors have shown interest in the Horokhiv Foundry and Mechanical Plant
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